$514,990
Newport, OR 97365
MLS# LC-102850
Status: Pending
7 baths | 8344 sqft
1 / 23
Property Description
Great two-story commercial building in the heart of Newport w/ excellent visibility off Hwy 101 and yearly GROSS INCOME of 37,500. This large building features 3 separate bottom floor units which are currently being operated as a Mexican Store, meat market & retail store. The second story features 4 rentable business spaces w/ 2 currently being utilized as a yoga studio and a meeting room. There's a huge opportunity to increase total income by renting out several other spaces that aren't being utilized and with C-1 zoning, it allows for a wide range of usages. This centrally located building is close to the hospital, the Bayfront, restaurants, shopping, the ocean and much more! Buyers to perform all due diligence and verify all planned usages with the City. DO NOT DISTURB THE TENANTS!
Details
Maps
Status Change Information
Status Change Timestamp: 2026-06-01
Price Change Timestamp: 2025-10-23T02:08:27Z
Purchase Contract Date: 2026-06-01
Tax & Legal
CC&R's: No
Currently Not Used
Association YN: No
Building
Accessibility Features YN: No
Year Built: 1962
Stories Total: 2
Lot
Water Body Access YN: No
Accessory Dwelling Unit YN: No
Lot Size Acres: 0.11
Lot Size Square Feet: 4791.6
Utilities
Electricity Connected: 1
Natural Gas Available: 1
Water Available: 1
Remarks
Lincoln Public Historical Details: Utilities: $6,600.00, Building Type: Commercial, Possession: Subject To Tenants, Secondary View: Forest, Specially Assessed: N, Garage Spaces: 0, Sq Ft Remarks: Per Seller, Alternate Heat:
Construction Materials
Brick: 1
Other: 1
Flooring
Carpet: 1
Vinyl: 1
Other: 1
Foundation Details
Concrete Perimeter: 1
Heating
Electric: 1
Wall Furnace: 1
Levels
Two: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Submit: 1
Other Structures
None: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Subject To Tenant Rights: 1
Road Surface Type
Paved: 1
Roof
Flat: 1
Membrane: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 37500
Insurance Expense: 4800
Net Operating Income: 26100
Business Details
Equip/FF Incl Y/N: No
List Available Y/N: No
Inventory Included Y/N: No
MDSE/Supp Included Y/N: No
Additional Tax and Location Information
Additional Tax ID #s: R54569
Highway 101: West Side
Neighborhood Code: N316
Property Tax ID #: R49830
Tax District: 115
Showing Requirements
Lockbox: 1
Historical Details
Historical MLS Number: 25-102
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Mixed Use
Address
Street Number: 316
Street Direction Prefix: SW
Street Name: Coast Hwy
County: Lincoln
State: OR
Postal Code: 97365
Directions: Hwy 101 to the address, located right off of Hwy 101.
Parcel Number: 111108BD-6100-00
Contract
Current Price: $514,990
Status: Pending
Begin Date: 2025-01-21
List Price: $514,990
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: Bayley and Case's
Tax Annual Amount: 6511.65
Tax Year: 2025
Zoning: C-1 Commercial
Tax Lot: 6100
Tax Map Number: 111108BD
Interior
Above Grade Finished Area: 8344
Living Area: 8344
Bathrooms Total: 7
Property Features
Utilities: Electricity Connected; Natural Gas Available; Water Available; Electricity Connected; Natural Gas Available; Water Available
Construction Materials: Brick; Other
Flooring: Carpet; Vinyl; Other
Foundation Details: Concrete Perimeter
Heating: Electric; Wall Furnace
Levels: Two
Listing Terms: 1031 Exchange; Cash; Conventional; Submit
Other Structures: None
Possession: Close Of Escrow; Negotiable; Subject To Tenant Rights
Road Surface Type: Paved
Roof: Flat; Membrane
Sewer: Public Sewer
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: Lockbox
Listing Office: Coldwell Banker Professional Group - Lincoln City
Office Email: douglas.caye@coldwellbanker.com
Last Updated: June - 01 - 2026
Information deemed reliable but not guaranteed.